After more than 50 years with DuPont and a short 14 months with Chemours, the Oxone business is now part of Lanxess Corporation.

Lanxess paid around 210 million euros for the Clean and Disinfect business, which comprises various active ingredients and specialty chemicals especially for disinfection and hygiene solutions. The company has financed this first post-realignment acquisition from existing liquidity.

“The acquisition is the first milestone on our path of growth and a further step toward strengthening our business in North America,” says Matthias Zachert, chairman of the board of management of Lanxess AG. “The successful integration of the new business now has absolute priority so we can quickly benefit from this expansion of our specialty chemicals portfolio.”

The Lanxess Material Protection Products business unit currently has a workforce of around 350, with production sites in Krefeld-Uerdingen and Dormagen (Germany), Pittsburgh, Jhagadia (India), Changzhou (China) and Singapore. It is part of the Performance Chemicals segment, which posted 2015 sales of around 2.1 billion (euros).